Individual health insurance policies are typically written on which basis?
A. participating
B. nonparticipating
C. experience-rated
D. claims-related
Answers
A payment that is not a dividend payment because insurance it does not receive a share of the surplus earnings is known as a non-participating insurance. The correct answer is B. nonparticipating.
In other words, because profits are not allocated to non-participating programmes, no payouts are given to policyholders. A non-participating life insurance policy is one that does not provide bonuses or dividend payments based on the insurer's profits.
It results in the policyholder under such plans having no say or stake in the insurance provider's financial success. A participation policy in the insurance industry is one that will provide dividends to the owner.These dividends are earnings from the insurance company's operations. The insurance company's running operations as well as the returns it receives from investing money received from insurance premiums in a variety of investment vehicles, such as mutual funds.
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Related Questions
The most problematic sources are those that: A. Provide the least information about their author and original source of information B. Contain information that is biased C. Contain information only from secondary sources D. Provide one outlook on the information being presented
Answers
The most problematic sources are those that provide the least information about their author and original source of information. A material or device that emits radiation, whether ionising or non-ionizing, and that needs to be licensed by the Australian Radiation.
The protection and Nuclear Safety Authority is referred to as a problematic source. Investments, operations, and financing These three streams of business cash flow can significantly impact the development and viability of your organization. The sources of company finance include retained earnings, equity, term loans, debt, letters of credit, debentures, euro issuance, working capital loans, the venture capital investments, etc.
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Answer: I believe the answer is A.
Explanation: I really hope this helps and have a fabulous day!
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Show your calculations in the space provided, write your answers in the boxes. A factory that makes stamped parts has a painting operation. All parts must be painted to combat corrosion. The factory has 10 different parts, each of which have an annual demand of 500,000 . Typically the factory sets up for one part per day and runs for the entire shift producing just that one part. To keep up with demand, the factory works a six-day work week and two 8-hour shifts, working 50 weeks per year. Each machine can paint 100 parts at a time and the standard cycle time is 15 minutes to paint and cure 100 parts. Approximately 5% of the parts painted must be scrapped due to paint flaws. At the beginning of the day, each paint machine requires 45 minutes to set up. After set up, it is run for the remainder of the 2 shifts ( 16 hours). Paint booths are notoriously unreliable (clogs, leaks, messes, machinery failures) and shutdowns are commonplace. The plant assumes 20% downtime for each machine to deal with in-process issues. Booths are 100% available for setup. Because it is a tiring job, worker efficiency is 90%. Calculate the number of paint booths required to meet annual demand. ( 25pts )
Answers
To calculate the number of paint booths required to meet annual demand, we need to consider the production rate, downtime, setup time, and worker efficiency.
Given data:
- Annual demand for each part: 500,000
- Each machine can paint 100 parts at a time
- Standard cycle time to paint and cure 100 parts: 15 minutes
- Approximately 5% of painted parts are scrapped due to flaws
- Setup time for each paint machine: 45 minutes
- Two 8-hour shifts per day, working 50 weeks per year
- Each machine has 20% downtime for in-process issues
- Worker efficiency: 90%
Let's calculate the number of paint booths required:
1. Calculate the number of parts painted per hour:
Parts painted per cycle = 100 parts
Cycles per hour = 60 minutes / 15 minutes = 4 cycles
Parts painted per hour = 100 parts/cycle * 4 cycles = 400 parts
2. Calculate the effective working hours per year:
Total working hours per day = 2 shifts * 8 hours = 16 hours
Total working hours per year = Total working hours per day * 6 days/week * 50 weeks/year = 4800 hours
3. Calculate the number of parts painted per year per machine:
Parts painted per year per machine = Parts painted per hour * Total working hours per year
= 400 parts/hour * 4800 hours = 1,920,000 parts
4. Calculate the adjusted parts painted per year per machine considering downtime:
Adjusted parts painted per year per machine = Parts painted per year per machine * (1 - Downtime)
= 1,920,000 parts * (1 - 20%) = 1,536,000 parts
5. Calculate the adjusted parts painted per year per machine considering worker efficiency:
Adjusted parts painted per year per machine = Adjusted parts painted per year per machine * Worker efficiency
= 1,536,000 parts * 90% = 1,382,400 parts
6. Calculate the number of paint booths required:
Number of paint booths required = Annual demand / Adjusted parts painted per year per machine
= 500,000 / 1,382,400 = 0.361
Since we can't have a fraction of a paint booth, we need to round up to the nearest whole number. Therefore, the number of paint booths required to meet annual demand is 1.
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many observers consider the ______ to be the beginning of the feminist movement.
Answers
Many observers consider the Seneca Falls Convention to be the beginning of the feminist movement.
The Seneca Falls Convention was a historic event held in Seneca Falls, New York, in 1848. It was the first women's rights convention in the United States and is often seen as a crucial milestone in the development of the feminist movement. The convention was organized by prominent women's rights activists, including Elizabeth Cady Stanton and Lucretia Mott.
At the Seneca Falls Convention, attendees discussed and adopted the Declaration of Sentiments, which was modeled after the Declaration of Independence and called for women's rights and suffrage. The convention focused on issues such as women's right to vote, access to education, property rights, and gender equality in various aspects of life.
The Seneca Falls Convention and the Declaration of Sentiments marked a significant shift in public discourse and activism around women's rights. It laid the foundation for future advocacy efforts and became a catalyst for the women's suffrage movement that followed. Therefore, it is widely recognized as a pivotal moment in the history of the feminist movement in the United States.
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Global crowding out described in the global monetary policy refers to the impact of excessive U.S. population growth on interest rates excessive global population growth on- interest rates an excessive budget deficit in one country on interest rates of another country an excessive budget deficit in one country on exchange rates
Answers
**Global crowding out**, in the context of monetary policy, refers to the impact of an **excessive budget deficit** in one country on interest rates of another country.
Crowding out occurs when a country's high budget deficit leads to higher interest rates, which can affect other countries' interest rates as well. This happens because when a country has a large budget deficit, it needs to borrow more funds to finance its spending. As the demand for borrowing increases, interest rates also rise.
This increase in interest rates can spill over to other countries, as investors may move their capital to the country with higher interest rates, thus raising rates in those countries as well. In this scenario, the excessive budget deficit of one country has a global effect, leading to higher interest rates and potentially affecting economic growth and investment in other countries. This phenomenon is known as global crowding out.
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If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence, who should you talk to?.
Answers
If you observe a co-worker, customer, or stranger in your workplace exhibiting any of the warning signs of workplace violence you should first report your concern to your supervisor, or human resources department.
What is workplace violence?Workplace violence is any act of, or threat of, physical violence, harassment, intimidation, or other threatening disruptive behavior that takes place at the workplace. Threats, slander, and physical and verbal abuse are all included, as well as murder. Customers, clients, visitors, and staff all may be impacted. The third-leading cause of fatal workplace injuries in the United States is now acts of violence and other injuries. In 2019, there were 5,333 fatal workplace injuries in the United States, and 761 of those injuries were caused intentionally by another person, according to the Bureau of Labor Statistics Census of Fatal Occupational Injuries (CFOI). Employers and employees across the country are very concerned about workplace violence, regardless of how it presents.
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Answer: Your co-worker is late to work one or two days each week.
Explanation:
How many new jobs is the sports and entertainment industry projected to add from 2014 to 2024?answer choicesA) 23,000B) 37,000C) 46,000D) 52,000
Answers
From 2014 to 2024, it sports and entertainment sector is expected to create 46,000 new jobs.
Who is the top hero in India's entertainment sector?They are well known for their acting prowess, charisma, and good looks, and they have starred in a number of box office successes. The most recent list of India's "Most Popular Male Stars" for the December period was announced by well-known media outlet Ormax. Acquiring the top spot was Akshay Kumar.
Who is the richest actor in India, exactly?Bollywood actor Shah Rukh Khan, who has worked in the film industry for more than three decades, is the fourth-richest actor in the world and the richest performer in Asia. Millions of people throughout the world adore Shah Rukh Khan, who has an estimated net worth of $627 million.
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Assume that there are eight similar-sized companies in an industry and you are the CEO of one of the companies. Your company is not at risk of going bankrupt and is generally earning the same profits over time as six of the other companies, but there is one company that has been growing in market share over the last five years and is averaging a noticeably higher profit than the rest of the companies in the industry. From the perspective of your company, which of the four basic types of competencies best describes your company's overall situation? (03) None of the Above Deficiency Distinctive Competency Incompetency Core Competency
Answers
From the given options, the best description that fits your company's overall situation is "Core Competency." This implies that your company possesses a unique strength or advantage that sets it apart from the others, even though one company in the industry has been growing its market share and profit.
Your company is not at risk of bankruptcy and consistently earns similar profits to six other companies in the industry. This suggests that your company possesses a set of unique strengths and capabilities that allow it to compete effectively. While there is one company experiencing higher profits and market share growth, it does not necessarily indicate a deficiency or incompetence on your part. Core competency refers to the specific areas where your company excels and differentiates itself from competitors, enabling sustained success. It implies that your company has identified and leveraged its strengths to maintain a competitive position within the industry. In this scenario, your company's core competency lies in maintaining stability and profitability while effectively competing with other firms. While the growing company may have a distinctive competency in terms of higher profits, it does not imply inadequacy on your part. By focusing on your core competencies, you can continue to sustain your business and explore potential avenues for growth and improvement.
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A law that Congress is passing to provide unemployment insurance would be considered an example of _____ authority iss 210
Answers
The blank space should be filled with; Legislative
Authority and the CongressThere are 3 traditional arms of Government namely;
The executive arm of government which performs executive functions entailing sovereignty.The legislative arm is saddled with the responsibility of making laws to ensure order in the government.The judiciary has the responsibility of enforcing these laws.Hence, it follows that, the authority of the Congress in passing the unemployment insurance is; Legislative authority.
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This table shows the CTSOs that four high school students are involved in: A 2-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Assuming the students continue down the same career path, which table shows the professional organization that each student would most likely be a part of in the future? A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A F P, A A S A, A S M E, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, S A G, A C S. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries S A G, A C S, A F P, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, A F P, A M A.
Answers
Answer:
The answer is A
Explanation:
June 1: Byte of Accounting, Inc. Acquired $78,200 in cash from lauren and issued 3,400 shares of its common stock.
Answers
Answer:
Question requires that a journal entry is done;
Date Account Title Debit Credit
June 1 Cash $78,200
Common Stock $78,200
The amount of money that Tom had in his pension fund
in 2016 was £55 000.
His plans involve him putting £8 200 in his fund every year
for the next 15 years.
How much will Tom have in the pension fund in 2031?
Answers
Answer: £178000
Explanation:
The amount that Tom will have in the pension fund in 2031 will be calculated as:
= £55000 + £8200(15)
= £55000 + £123000
= £178000
The amount that Tom will have in the pension fund in 2031 will be £178000
Golden Gate Novelties (GGN) sells souvenir key chains at the local airport. GGN charges $26.00 per chain. The variable cost for a chain, including the wholesale cost of the chain, packaging, the commission paid to the airport operator, and so on, is $24.40. The annual fixed cost for GGN is $16,680.
Required:
a. How many cases must Golden Gate Novelties sell every year to break even? Note: Do not round intermediate calculations.
b. The owner of GGN believes that the company can sell 13,900 chains a year. What is the margin of safety in terms of the number of chains?
Answers
Golden Gate Novelties must sell at least 10,425 cases every year to break even
The number of chains per case is not provided, we cannot calculate the exact margin of safety in terms of the number of chains without this information.
a. To calculate the number of cases GGN must sell every year to break even, we need to determine the contribution margin per chain and then divide the fixed costs by the contribution margin.
Contribution margin per chain = Selling price per chain - Variable cost per chain
Contribution margin per chain = $26.00 - $24.40 = $1.60
Number of cases to break even = Fixed costs / Contribution margin per chain
Number of cases to break even = $16,680 / $1.60 = 10,425 cases
Therefore, Golden Gate Novelties must sell at least 10,425 cases every year to break even.
b. The margin of safety is the difference between the actual sales volume and the breakeven sales volume. In this case, the owner believes that GGN can sell 13,900 chains a year.
Margin of safety in terms of the number of chains = Actual sales - Breakeven sales
Margin of safety = 13,900 - (10,425 * number of chains per case)
Since the number of chains per case is not provided, we cannot calculate the exact margin of safety in terms of the number of chains without this information.
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How do the 4 factors change based upon the business for which they are needed?
Answers
Answer:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
involves changing a product to meet local conditions or wants in foreign markets.
Answers
Adaptation involves modifying a product to suit the specific conditions or preferences of foreign markets, ensuring that it aligns with local needs, cultural norms, regulations, or preferences to enhance its acceptance and success in those markets.
Adaptation, in the context of international marketing, refers to the process of making changes to a product to meet the unique conditions, preferences, or wants of foreign markets. When expanding into different countries, companies often need to tailor their products to accommodate local cultural, social, economic, or regulatory factors. This may involve adjusting product features, packaging, branding, pricing, or even distribution channels to better resonate with the target market. By adapting the product, companies can ensure that it meets the specific needs and expectations of customers in different countries, increasing its relevance, appeal, and ultimately its market success in foreign markets. Adaptation enables companies to effectively navigate the complexities of diverse markets and build stronger connections with local consumers.
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How can we apply accounting and bookkeeping in our daily lives?
Answers
( FASHION DESIGN!!)
Fad, Flops and Classics
1. If you are a fashion designer, what are you most concerned about during the introduction phase?
2. Why do you suppose the prices are the highest during the introduction phase?
3. What happens in a retail store when fashion prices have been drastically reduced and are still not selling?
4. How does the depiction of a classic compare with a flop or fad?
Answers
Prices are often the highest during the introduction phase because the demand for a new design is usually the highest at this time. As the design becomes more widely available and the initial demand is met, the price may start to decrease.
If fashion prices have been drastically reduced and are still not selling in a retail store, it may indicate that the designs are not popular with consumers or that there is too much competition in the market. In this case, the store may choose to discontinue carrying the fashion items or may try to find ways to make them more appealing to consumers, such as through marketing or styling efforts.
A classic is a fashion item that is timeless and remains popular over a long period of time. A flop, on the other hand, is a fashion item that is not well received and does not sell well. A fad is a fashion item that is popular for a short period of time but quickly goes out of style. In general, a classic is likely to be more enduring and have a longer lifespan than a flop or fad.
The degree to which local regulations favor local workers and suppliers is an example of the environmental factor termed ________.
Answers
The degree to which local regulations favor local workers and suppliers is an example of legal/political security.
What is political security?political security is the protection of human rights and well-being of all people.
It is kind of protection received by local workers and suppliers and this gives freedom to the citizens.
Therefore, political security gives room for the citizens to exercise their right, and protect the right of all workers and individuals in the country.
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A customer service person normally deals with which type of person?
people who have already purchased the product
sales leads created by the marketing team
people who are strongly considering buying the product
representatives of competing companies
Answers
A customer service person primarily deals with people who have already purchased the product.
The main responsibility of the customer service person is to assist customers with any questions, concerns, or issues they may have related to the product or service. This may include providing information on product features, troubleshooting problems, or addressing complaints.
While customer service representatives may occasionally interact with sales leads or people considering buying the product, their primary focus is on existing customers.
Interaction with representatives of competing companies is generally not part of their role, as this falls under the domain of business development or sales teams.
Overall, customer service personnel are essential in maintaining customer satisfaction and loyalty, contributing to the company's success.
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Alana Garon obtained a personal loan of $2,200 at 12 percent for 12 months. The monthly payment is $194.00. The balance of the loan after 8 months is $830.78. What is the interest for the ninth payment?
Answers
Where balance is remaining balance after 8 months, the interest for ninth payment is $8.31.
What is interest?Interest refers to the cost of borrowing money, or the compensation received for lending money. It is usually expressed as a percentage of the amount borrowed or lent and is determined by a number of factors, including the prevailing market conditions, the risk associated with the borrower, and the length of the loan term. When a borrower takes out a loan, they must pay interest on the amount borrowed, which is added to the principal amount and repaid over the term of the loan. Similarly, when an individual deposits money in a bank account, they receive interest on their deposit as compensation for lending money to the bank. Interest rates can have a significant impact on the economy, affecting the cost of borrowing and spending, and influencing investment decisions.
PV = 2,200 / (1 + 0.12/12)^(12-8)
PV = $1,169.48
Interest = Balance x Monthly interest rate
Monthly interest rate is 0.12/12 = 0.01.
Interest = $830.78 x 0.01
Interest = $8.31
Principal = $194.00 - $8.31
Principal = $185.69
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we use photodiodes to track our orientation relative to the sun. briefly describe a possible signal chain from a photodiode to a microcontroller.
Answers
A possible signal chain from a photodiode to a microcontroller can involve several stages to convert the photodiode's analog output into a digital signal that can be processed by the microcontroller.
Here's a brief description of the signal chain:
Photodiode: The photodiode is a semiconductor device that generates a current proportional to the amount of light falling on it. It acts as a light sensor and converts incident light into an electrical signal.
Transimpedance Amplifier (TIA): The output current from the photodiode is typically very small. To amplify this current into a measurable voltage, a transimpedance amplifier is commonly used. The TIA converts the current from the photodiode into a voltage signal, with the gain of the amplifier being determined by the feedback resistor connected to the amplifier's input.
Signal Conditioning: Depending on the specific requirements and characteristics of the photodiode, additional signal conditioning circuitry may be employed. This could include filters to remove unwanted noise or interference, amplifiers for further gain adjustment, or voltage regulators to ensure stable power supply for the circuit.
Analog-to-Digital Converter (ADC): The analog voltage signal from the previous stages needs to be converted into a digital format for processing by the microcontroller. An ADC is used to sample the analog signal and convert it into a discrete digital representation.
Microcontroller: The digital signal output from the ADC is then fed into the microcontroller. The microcontroller is a programmable device that can process the digital data and perform various calculations or make decisions based on the received information.
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Question 2 Consider the labor market in the following situation (Note: All the parameters are positive). (1) Wage Determination: W = PeF(u, z), F(u, z) = Boz - B₁u (2) Price Determination: P = (1 + μ)MC (3) Aggregate Production Function: Y = AN 1 (4) L= the number of people in the labor force (5) N-the number of the employed in L, U = L – N (6) Unemployment rate: u = - ==1-2 (7) MC (Marginal Cost of Production) measures how much additional product costs. (a) In this economy, how much is MC? (b) Derive the short-run AS relation in this economy while assuming price expectation (Pe) is exogenously given. (c) Find the natural rate of unemployment and the natural level of aggregate output when A=1. (d) How will the natural rate of unemployment and the natural level of aggregate output change if A drops to 1/2 due to a certain natural disaster?
Answers
a) MC = P / (1 + μ) = P/2 [since μ = 1].
b) The short-run AS curve is given by this relationship, Y = [f(1 - u, z)]² / w² = [f{1 - u[PeF(u, z)]/w}, z]² / w²
c) The natural level of output is given byY* = AN* = fN*(1 - u*, z)
d) In the short run, there will be a recession and an increase in the unemployment rate.
a) Marginal Cost of Production (MC) is given by:P = (1 + μ) MCFrom the given problem, we have
P = (1 + μ) MC => MC = P / (1 + μ)
Therefore, MC = P / (1 + μ) = P/2 [since μ = 1].
b) Aggregate supply (AS) can be derived from the production function and the factor market equilibrium. Let the real wage rate be w = W/P.
Then the profit maximization condition for the firms implies,
w = fN(1 - u, z) [since MPN / w = 0] or (1 - u) = (w / fN) / z
Also, using the production function, we have:
Y = AN = fN(1 - u, z)N
therefore, Y = fN(1 - u, z)² / w² ⇒ Y = [f(1 - u, z)]² / w²
Hence, AS is given by
Y = [f(1 - u, z)]² / w² = [f{1 - u[PeF(u, z)]/w}, z]² / w²
Thus, the short-run AS curve is given by this relationship.
c) The natural rate of unemployment is the rate that prevails in the long run equilibrium, given by the intersection of the aggregate supply (AS) curve with the demand for labor (DL) curve.
The natural level of output is the level that corresponds to the natural rate of unemployment in the production function.
The demand for labor can be derived from the marginal product of labor (MPL) and the real wage rate, which is given by:MPL = fN(1 - u, z) / N = [f(1 - u, z)] / N
Then the demand for labor curve is given byN = F(w, z) = [f(1 - u[PeF(u, z)]/w), z] / w
Also, the natural rate of unemployment is given byu* = 1 - (B1 / Bo)
And the natural level of output is given byY* = AN* = fN*(1 - u*, z)
d) The effect of the drop in A on the natural rate of unemployment and the natural level of output depends on the labor market and the price expectations.
The natural rate of unemployment will increase, given by:
u* = 1 - (B1 / Bo) => u*’ = 1 - (B1 / Bo)’ > u*
The natural level of output will fall, given by:
Y* = fN*(1 - u*, z) => Y*’ = fN*’(1 - u*’, z) < Y*
Therefore, in the short run, there will be a recession and an increase in the unemployment rate.
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A manufacturer desires ending finished goods inventory of 5,000 units. Their budgeted unit sales are 20,000 units and beginning finished goods inventory is 3,000 units. The units to be produced is?.
Answers
Their starting completed goods inventory is 3,000 units, and they have 20,000 units in their budgeted unit sales. $22,000 will be spent producing the units.
Detail working for your easy producing refrence
Computation of Unit to Produce
Budgeted Unit Sales 20000
Add: Desired Inventory 5000
Total Unit need 25000
Less: Beg Inventory -3000
Unit to be Produced 22000
Inventory includes both the raw materials needed in production and the finished commodities that are offered for sale. Since inventory turnover is one of the main means of generating income and, consequently, producing profits for the firm's shareholders, it is one of the most significant assets a company may have. Raw materials, work-in-progress, and finished goods are the inventory three categories of inventory. On a company's balance sheet, it is listed as a current asset.
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Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions
Answers
According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.
Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.
She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."
Therefore, option A is appropriate.
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2. Mr.Store who runs his photocopy business works 8 hours per day and processes about 100 scripts. His labor cost is $9 per hour. Also he has estimated that the total material cost for each script is approximately $2; while the daily overhead expenses are $28.
a) Calculate the multifactor productivity.
b) In an improvement initiative with a goal to increase the output to 150 scripts, he decides to change the quality of ink. However, doing so raises the material cost to $2.5 per day. Is
the new multifactor productivity better than before? Show the calculations to justify your answer.
c) If Mr.Store would like to increase the photocopy process to 150 scripts without sacrificing the initial multifactor productivity, what should the maximum limit of the material costs be (i.e., how much increase in material cost could be acceptable without sacrificing the initial levels of multifactor productivity)?
Answers
a.Multifactor productivity ≈ 0.98 scripts per dollar.
b.the new multifactor productivity (0.32 scripts per dollar) to the previous value (0.98 scripts per dollar), we can see that the new multifactor productivity is lower. This indicates that the change in ink quality, resulting in a higher material cost, has negatively affected the overall productivity.
C.Max acceptable increase in material cost ≈ $53.06
a) To calculate multifactor productivity, we need to determine the total input and total output. In this case, the total input is the labor cost plus the material cost plus the overhead expenses. The total output is the number of scripts processed.Total input = Labor cost + Material cost + Overhead expenses
Total input = ($9/hour * 8 hours) + ($2) + ($28)
Total input = $72 + $2 + $28
Total input = $102
Multifactor productivity = Total output / Total input
Multifactor productivity = 100 scripts / $102
Multifactor productivity ≈ 0.98 scripts per dollar
b) After the improvement initiative, the output increases to 150 scripts per day, but the material cost also increases to $2.5 per script.
Total input = Labor cost + Material cost + Overhead expenses
Total input = ($9/hour * 8 hours) + ($2.5 * 150) + ($28)
Total input = $72 + $375 + $28
Total input = $475
Multifactor productivity = Total output / Total input
Multifactor productivity = 150 scripts / $475
Multifactor productivity ≈ 0.32 scripts per dollar
Comparing the new multifactor productivity (0.32 scripts per dollar) to the previous value (0.98 scripts per dollar), we can see that the new multifactor productivity is lower. This indicates that the change in ink quality, resulting in a higher material cost, has negatively affected the overall productivity.
c) To maintain the initial multifactor productivity of 0.98 scripts per dollar while increasing the output to 150 scripts, we can calculate the maximum acceptable increase in material costs.
Total input = Labor cost + Material cost + Overhead expenses
Total input = ($9/hour * 8 hours) + (Max acceptable increase in material cost * 150) + ($28)
Total input = $72 + (Max acceptable increase in material cost * 150) + $28
Total input = $100 + (Max acceptable increase in material cost * 150)
Multifactor productivity = Total output / Total input
0.98 = 150 / ($100 + (Max acceptable increase in material cost * 150))
Rearranging the equation and solving for Max acceptable increase in material cost:
Max acceptable increase in material cost = (150 / 0.98) - $100
Max acceptable increase in material cost ≈ $53.06
ore, the maximum acceptable increase in material cost that would allow Mr. Store to maintain the initial multifactor productivity would be approximately $53.06. Any increase in material costs beyond this limit would result in a decrease in multifactor productivity
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What is the second largest economy in Africa?
Answers
Egypt has the second largest economy in Africa.
Gross Domestic Product (GDP) is the market value of all finished goods and services in a country in a given year. African countries are sorted by International Monetary Fund data. The figures presented here do not take into account differences in the cost of living in different countries, and results may vary significantly from year to year due to fluctuations in local currency exchange rates.
Fluctuations can change a country's ranking from year to year, but in many cases the living standards of the population remain the same or change only slightly.
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Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answers
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation:
to protect consumers, congress passed an act in 1972, which set up the u.s. consumer commission. the commission has broad power to set safety standards and can impose penalties for failure to meet these standards.
Answers
The act passed by Congress in 1972 to protect consumers and establish the U.S. Consumer Commission is the Consumer Product Safety Act (CPSA).
The Consumer Product Safety Act (CPSA) was enacted by Congress in 1972 with the aim of safeguarding consumers from unsafe products and establishing the U.S. Consumer Product Safety Commission (CPSC). The CPSC was empowered by the CPSA to set safety standards for consumer products, conduct research and investigations, provide information to the public, and impose penalties on companies failing to meet these safety standards.
This legislation granted the CPSC broad authority to regulate a wide range of products and ensure their safety, thus promoting consumer welfare. By setting standards and enforcing compliance, the CPSA and the CPSC play a crucial role in protecting consumers and maintaining product safety in the United States.
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------------The given question is incomplete, the complete question is:
"What act did the congress passed in 1972 to protect consumers, which set up the u.s. consumer commission? The commission had the broad power to set safety standards and can impose penalties for failure to meet these standards."-------------
the longer the time to maturity, the less sensitive a bond's price will be to changes in interest rates.
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In general, the longer the term, the more sensitive to interest rates. This indicates that for a given change in interest rates, the price of a bond with a longer duration will fluctuate more than the price of a bond with a shorter maturity.
interest ratesThe interest rate is the amount charged by a lender to a borrower and is expressed as a percentage of the principal—the amount lent. The annual percentage rate is the term used to describe the interest rate on a loan (APR). An interest rate can also be applied to the amount earned from a savings account or certificate of deposit at a bank or credit union. The interest earned on these deposit accounts is referred to as the annual percentage yield (APY).
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The shop floor control of a lean system does NOT practice: close vendor relationships level loading preventive maintenance push systems visual systems
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The shop floor control of a lean system does NOT practice push systems. It is a pull system where production is done according to customer demand.
Lean manufacturing systems incorporate numerous systems that help in enhancing production performance. Shop floor control is a necessary component of these systems. In contrast to conventional mass production, lean production is characterized by a number of unique features. One of the most significant distinctions is the use of a pull-based production approach. This approach necessitates the use of sophisticated shop floor control mechanisms that facilitate the production of goods and services according to customer demand. To achieve high levels of production efficiency, lean systems emphasize production leveling, visual management, and close vendor relationships.
A preventive maintenance program is another essential feature that is required in a lean system. This maintenance program can be incorporated into the shop floor control system, ensuring that all machines and equipment are kept in top working condition. Push systems, on the other hand, are not used in lean systems. The production process is driven by customer demand, which determines when and how much of a product should be produced. This ensures that the production process is optimized for the actual demand rather than a forecast. Consequently, inventory levels are kept low, and production efficiency is improved. Thus, lean manufacturing shops do not practice push systems.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.